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an election that produces no clear winner? >> a trip down memory lane for the new u.s. secretary of state on a visit to germany. >> and a step closer to bundesliga. berlin get an important win. and that italy faces political deadlock after the country's national elections produced no clear winner. no single party was able to secure a majority in both houses of parliament. >> the center-left candidate is claiming a narrow victory, but it is not enough for him to build a government. >> former prime minister silvio berlusconi came in a close second. coalition talks are under way, but many italians are unsure they will produce a stable government. >> italian voters have elected new representatives, but where does that leave the country? newspaper headlines are skating. one reads -- the only winner is ungovernability. there's already talk of free elections. >> i do not know what to say. i think we voters are being taken for a ride. >> i have no idea what will happen now. they will reach some kind of decision. everything is in the hands of four or five people again. they just do what they want.
program. obama finally gets his man. the u.s. senate confirms chuck hagel. what increased demand for cocoanuts has failed to bear fruit for indonesia as farmers. pope benedict xvi is making his final appearance in st. peter's square as the roman catholic pope -- his final appearance in at st. peter's square. he is the first pope in 600 years to resign. >> in these recent months, i felt my weakening strength. i prayed and asked for in light meant to make the right decision for the good of the church. >> barbara, amid the huge outpouring of affection from the faithful gathered there. >> absolutely. a lot of people have turned out to say goodbye to pope benedict xvi. 50,000 tickets were sold. it is more likely that there are about 150,000 people around the vatican and the main road that leads to it. people are still walking towards st. peter's square, but they're being redirected to other parts around the square where there are big screens where they can watch the pope. nothing compared to the figures of the people we saw for the funeral of john paul back in 2005. that was a funeral
tv on c-span2. >> u.s. airways and american airlines have proposed merging the companies. yesterday, house judiciary antitrust subcommittee look into the proposed merger. hearing from airline executives and legal analysts. if approved by federal regulators, the new airline, to be known as american airlines, would become the largest in the country. this is two and a half hours. >> good morning. the judicial, judiciary committee on antitrust regulatory reform administrative law and bankruptcy is in session. by way of introduction, this is the first hearing of the year for the subcommittee. chairman kohl at has give give e great privilege of the chairing this great committee and under -- under a static has jurisdiction, the jurisdiction to me has a duty to examine the competitive impacts of significant transactions on the marketplace. it is a responsibility that i take very seriously from the standpoint of consumer choice and the functioning of free markets. today's hearing is to specifically examine the proposed merger between american airlines and us airways. the resulting airline, with a 2
the unemployment rate is too high at the moment. so the head of the u.s. federal reserve has defended the central bank's monetary stimulus package. this has eased concerns fed officials would cut short their asset-buying program. chairman ben bernanke on tuesday presented his semi-annual report to the senate. he acknowledged bold monetary easing could cause inflationut stressedhe mit of the licy. >> we do not see potential cost to the increased risk taking in some financial markets as outweighing the benefits of promoting a strong economic recovery and more rapid job creation. >> bernanke also warned imminent spending cuts could put the brakes on recovery if they take effect on march 1st. he urged republicans and democrats to set aside their differences to find a solution. now, bernanke also said he understood japanese prime minister shinzo abe's push for heaid abe i trying to boost the economy and is not manipulating exchange rates to devalue the yen. >>> u.s. president barack obama wants republicans to compromise before budget cuts take effect on friday. >> there are too many republicans in con
the name jesus, going after a dozen other u.s. clothing companies for selling jesus the and apparel. now, they claim their company has the exclusive rights to the name and other people cannot use it. >> and not getting it. jesus teens is the name of that company. they register the name. back in 2007. here is was some of those genes look-alike. the company uses phrases like dow shot at any other genes before me and he loves me follows me. according to the u.s. trademark office the name of a personal character is register both only to if you can show it is used in a way that tells people what you do in addition to who you are. in this case, they get the name because it is at tied -- the name is tied to apparel. in my opinion a name like jesus should be the exception. should be trademarked. jesus jeans, well, they should have turned the other cheek. that is my "2 cents more." and coming up tomorrow, a routine checkup that cost more than a new car. all talk to the man behind some startling new numbers on the price of health care. steven brill from time magazine. you're going to want to see t
. that was mr. bernanke last night. gave support to u.s. markets as we're just over an hour and nearly ten minutes into trade in europe. down on the session lows. you see pretty even stevens on the dow jones stock 600 between advances. and advances nosing in front at the moment. we have come back from the earlier, better start that we had. nevertheless, trying to claw back losses from where we were yesterday. the xetera dax flat at the moment. the ibex in spain up .5%. the ftse mib up .2%. there are some individual stocks worth looking at this morning. here we go, eads up 5% after earnings beat expectations. more on that company later on in the show, as well, with our correspondent in paris. and 6.7% raise in brig. shares rising because of the opt stick outlook for 2013. swiss livestock up 7%. their numbers came in with expectations. shares rising after the c.o. said further writedowns are unlikely. and cable deutsche down 4.5% on reports that vodaphone will have a takeover bid. italy, 4.86%. as peter said, 5%. anything blow that might be a low result. this is interesting, draw your tensio
dod, we will be short 20% and the percentage will be u.s.s army.r the the army will have to cut training. the same is true for the air force. the navy and marine corps will readiness.asgh the prospect of these cuts let the chairman, vice chairman, and joint chiefs to sign a 28 * onetter saying we are the brink of creating a hollow force. the department leaders are working to avoid the worst effects of this situation. we will continue to do so. the solution to the self-made crisis cannot be found in this building. the solution is congress passing a balanced deficit reduction package and appropriations bill that the president can sign and the trigger sequestration. our department leaders have a responsibility to make the case to congress and to the american people. i will take your questions. >> your report to congress is aced on numbers. do you have a correct report? is this leading to a reductiothg in handling the taliban. [no audio >> this was a regrettable error. we are making adjustments. in spite of the adjustments, our assessment of the progress and is continuing.anistan we
. >> brown: the nine justices of the u.s. supreme court pondered a central piece of civil rights legislation today. at issue: whether it's still needed, 48 years after it first became law. >> we are not there yet! >> brown: georgia congressman and civil rights leader john lewis was one of many who rallied outside the court this morning for the voting rights act. they were there on a day the justices heard a challenge to a key section of the law: it requires states with a history of discrimination-- mainly in the deep south-- to get federal approval, or pre- clearance, before changing voting procedures or districts. lewis argued the provision-- known as "section five"-- must be preserved. >> there are still forces in this country that want to take us back to another period, but we're not going back. we've come too far. we've made too much progress to go back. the literacy test may be gone; but people are using other means, other tactics and techniques. so we still need section 5 and that's why we are here today standing up for the voting rights of all americans. ( applause ) >> brown: in 1965
generation and there are about 45,000 wind turbines in the u.s. right now. but in all the studies that we have covered, all the stories we have covered we haven't come across the story where the outcome could mean town locals may end up with a tax increase in order to cover up to 15 million of costs of removing the wind turbines. this is shocking. they paid to 10 to $15 million in order to install the things to put them up with the idea they would be saving money over time as they ranch as you heard because of the curtailment right now they're operating at a loss. if they get rid of the turbines as the town wants, they will get taxed another $15 million in order to pay for that. joining us for a first-hand account, okay. we'r going back to that story in just a moment. let's move onto the sequester cuts for a moment here and how to fix them. president obama was in virginia today, warning of the dire consequences of defense cuts andwhat they will have on our military and our economy. you heard about all this, in 2012 of course we spent $65 billion on the military. today we're helping to sol
a strong debt auction in italy. u.s. pending home sales also topping expectation, hitting close to a three-year high. the best day for the major indexes since january 2nd. the dow is now 89 points away from its all-time high. we'll see if the bulls put it up over the top tomorrow. >>> only two more days before we are hit with the dreaded sequester. now the president has until midnight friday night to sign the order. government agencies are making a list in a last push, sounding the alarm about the dire impact. now the u.s. secretary of agriculture, tom vilsack, has warned that cuts to the usda which oversees safety inspections of meat and poultry and egg processing plants could result a ten million to the industry and higher prices and shortages for consumers. a short time ago i spoke to secretary vilsack sack from the new york stock exchange whether the whole situation might be blown out of proportion? >> well the reality is the way the sequester is structured we have to cut every line item of our budget including one in food safety by the same uniform amount. when the food safety budget
crash in egypt. know youdent needs to cannot shoot his way out of this, the warning from the new u.s. secretary of state john kerry. his comment, and head of a critical meeting in rome, which is bound to raise the prospect of more american assistance from the syrian opposition. it is a potential ship, which the national correspondent wrote about today. she joined me a short while ago. what might be serious be prepared to offer the rebels now? >> the americans have been coordinating with other governments in the middle east and europe. americans are now behind on this issue and have now been prepared to step out rapidly. there are two categories of assistance they are now prepared to give. one is direct, nonlethal assistance to the rebel fighters. and the other is direct humanitarian aid and some financial assistance to the political opposition. in both cases, the americans have been very reluctant up to now to give help directly to the syrians offering -- operating inside of syria. they have given nonlethal assistance. they have not given any at all up until now. >> what the syrians
it is receiving fair and reasonable benefits from its partners and whether nasa is appropriately monitoring u.s. export control laws. now a spokeswoman for nasa says she had not seen the ig's memo put out yesterday and would not comment until she had. the ig's probe into export control laws follows an fbi and justice department probe into whether national security issues were shared by officials out at nasa ames with chinese dignitaries who were visiting and working at moffet field. congressional sources say the probe was dropped by the u.s. justice department. senator grassley's office calls the audit, quote, important and good news. google corporate communications did not return our request for comment. >> thank you very much, steven. if you have a tip for steven or anyone in our investigative unit, give us a call 888-996-tips. send us an e-mail to the unit. >>> new tonight at 6:00, san jose police need the public's help in finding a missing man who may be suffering from dementia, might also be with a woman whose family does not know. stanley jacobson's family reported him missing. he was las
. jennifer, what happened? >> well, with little fanfare, shep, u.s. and nate officials in afghanistan removed from their web site the month-to-month figure saying attacks by the taliban were down by 7% last year. there seemed to be a mistake. a mistake that led to administration officials making statements like this. >> violence levels have been trending downward in the last two years after five years of steady increases beginning in 2006. >> the problem is the attacks weren't trending downward. they were exactly the same as in 2011. an embarrassing admission by the pentagon that the the narrative about how the president's strategy in afghanistan was bearing fruit may have been misleading, shep. >> shepard: they must be making some case at the pentagon in their own defense. >> well, in essence, they blame the afghans. the afghan commanders supposedly forgot to submit their field reports about the attacks so the pentagon data was misleading. >> this is a regrettable error in our database systems that was discovered during a routine quality check. we are making the appropriate ajustments. in sp
, measure what that means for us. what does that mean? >> i think the good news here is that the u.s. economy is actually growing at probably about a 2% rate. so if the full sequester goes in and stays in place for the full year between now and the end of the year, then it's essentially what mr. bernanke is saying growth will be 1.5% instead of 2%. i doubt very much that's the way it's going to pan out. eventually some kind of compromise will be worked out. but again the good news is that the u.s. consumers, u.s. businesses, are beginning to spend, are beginning to hire in the case of businesses, and that momentum seems to actually be picking up a little bit. so even in the worst case scenario we're not talking a recession. we're talking slower growth which isn't good... >> ifill: not good at a time when you're recovering. so when people look at this debate that's going on now, how do we look at it? do we look at it long-term, short term? do we look at the reality or the possibility? what is the greatest, most damaging part of this? >> well, i think the damaging part of it is, you kn
rebutted. the u.s. economy must be slowing. right? i mean, on account of all the negative stuff people keep talking about. guess what? the notion seemed fanciful. we got good macro, meaning we saw durable goods data, showing demand for machinery rose the most in two years. how does that happen? it comes on top of the recent increase in container board, the corrugated box stuff that your packages come in, fedex and stuff. one of the most sensitive economic indicators out there and a $50 increase in sheet steel, it fell from a match by ak steel. and you cannot put through container board and steel price hikes in a weak economy. i would say, no, no. i need more evidence. take a look at transports, incredibly sensitive to commerce. they rallied the most since july last year. jb hunt, almost up four points, 50 2-week high. i don't talk about the truckers, my bad. i spent too much time on ups. a name my charitable trust bought more of. but the truckers are a fabulous indicator of economy strength or weakness. jb hunt, saying all systems go. and cramer fave kansas city southern, ksu, $103, all-tim
american and u.s. air in the really raleigh market? >> we -- the overlap, i think is just on the washington, d.c., flight. american serves the hubs for raleigh we serve our hubs from there. i think the overlap is limited to the one flight. >> all right. and i noticed -- and the prices on american and u.s. airways are virtually the same flying out of raleigh occur ram to d.c. how much overlap do you have in charlotte. >> virtually zero. we have a very large connecting hub in charlotte. >> all right. i believe u.s. air serves d.c. out of charlotte, i think they are probably the carrier that has the most flights out of charlotte to d.c. what years years would you anticipate the price difference is from raleigh to d.c. and charlotte to d.c. is? >> i don't know. it sounds like you might know. [laughter] >> it costas lot more money to fly from charlotte to d.c. than raleigh to washington. that's concerning. it's very concerning. and you're direct competitors in a route from raleigh to washington where as u.s. airways it doesn't have a direct competitor, so it costs more money. that would certainl
hundreds of businesses in submitting briefs to the u.s. supreme court supporting same sex marriage. this comes on the heels of hp, ceo saying in a blog post, i have come to embrace same sex marriage after a period of careful review and reflection. this is a dra that the i can change from her support of prop eight while she was running for governor. she signed a legal filing making a conservative case for the supreme court to strike down the ban. joe kinney with south bay pride applauds the shift. >> i think that it will help because she has been a leader in business. and that the conservative members of the supreme court will see that it's not just one seth of the country that is supporting this. that it's really broad based. >> joe kinney also told me that it's great to learn that hundreds of companies are now supporting same-sex marriage. she said that it's important that they are issuing the at the same time and showing their support, she said, it speaks volumes and she said, especially since they are talking about the impact it has on employees and companies bottom line. report
. >> as iran struggles with its uncertain future, here in the u.s., there is a dose of economic tug-of-war. right now, the two political parties are deadlocked over how cuts knowne spending as the sequester that will go into effect on friday. today, president obama was in newport news, va. stressing his case. here is the report. >> along virginia coastline, it seems almost everyone works for the military in one way or another and with a sense of dread about the future. all the ships come to this yard to be refitted and repaired. but the navy has worn them that the looming cuts mean work will be cancelled on 13 ships. three --ny has told 3500 workers they could be laid off. it is a story that could be repeated all over america. >> it could affect a lot of people. not just shipyard people. wohlschlegel down to everybody. the uniformed people -- it will trickle down to everybody. the uniformed people. the diners down the street. it could put this country in the worst depression since the '20s. >> it takes a lot to>> it couldf scare the military, but they seem rattled by the proposed cu
enough about the sequester to make a call. >>> turning now to syria, the u.s. is deciding whether to provide direct aid to the syrian rebels for the first time in the nearly two year long crisis. the effort has been a major focus of secretary of state john kerry's first official trip overseas this week. and according to the associated press, u.s. officials say the white house is nearing a decision on whether to provide nonlethal assistance to carefully imbedded fighters. a decision is expected by thursday on that. >>> bill karins is here with your wednesday forecast. good morning to you. looking pretty good in the west. >> not too bad. while the east will struggle into march we'll think the west will see decent weather. weak system brought some showers overnight to areas of seattle southward down i-5. mostly some snow showers in the cascades. as i mentioned very weak. next system has more punch to it a little stronger. you can see the bright white clouds. that's the moisture associated with storm. the storm will hit northern portions of washington state the hardest and especially
figure. china was the biggest clean energy investor at $70 billion followed by the u.s. with 40 billion. japanese investors are also cleaning up their act. they boosted spending to $16 billion after serious power shortages following the fukushima nuclear crisis. professionals say it's an industry with limitless potential. >> renewable energy in japan is a huge opportunity for us. so we need to try to dominate 10 times or 20 times from now within five years. that is my expectation. >> reporter: visitors here are energized by these innovations. they're beginning to think a renewable planet might not be so far away. rina nakano, nhk world, tokyo. >>> officials at japan's nuclear regulatory body have released new evacuation guidelines for any future power plant disaster. the announcement is about one month behind schedule. the nuclear regulation authority says residents within five kilometers of a disaster-stricken nuclear plant must evacuate before the release of radioactive substances. iodine tablets will be distributed to households within five kilometers of a nuclear plant. iodine helps
cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with breast cancer who still need us every day. register for the 3-day now. (woman) it's just been an amazing, amazing journey. i love these people. ♪ and it's beautiful ♪ grown man's temper tantrum in the middle of an airport security checkpoint in china. >>> travel is stressful but check out this grown man's temper tantrum in the middle of an airport security checkpoints. this is in china. he is not going to take it anymore! chinese official completely lost it trashed a boarding area after he and his family missed not one but two flights and when he couldn't breakthrough the glass door he slammed the sign on the desk. he since apologized but now is a youtube sensation. >> he was a little angry there. >>> congressional republicans and democrats still are miles away interest a deal to ad volunteer $85 billion in automatic spending cuts. those cuts will take effect less than two days from now unless there is a last-minute agreement. >> we
in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: taj mahal's eclectic career braces blues, jazz, americana. nine grammy nominations. he has been on a musical odyssey. that journey can be heard now in a new boxed set that includes 15 cds, 170 tracks. here is a small taste of this remarkable compilation. >> ♪ if i ever get out of this prison, i am going to do just like i please ♪ ♪ i am going to take off running to the nearest stretch of trees ♪ ♪ i am going to keep running, running, running through the years bunch of trees -- the nearest bunch of trees ♪ ♪ i am going to be running through these trees ♪ ♪daddy going to be running so fast it looks like daddy been running on his knees ♪ tavis: you just mentioned daddy, and i think that is a great way to start. tell me about your daddy's record collection. >> he is an interesting guy. my grandparents came here about 100 years ago and started having children in new york city. my dad was born in 1915, and everybody is going to notice
. then late this afternoon, a glimmer of hope. garrett's family released this statement: "u.s. embassy and peruvian minister of the interior claim that garrett hand and jamie neal have been seen in local village. the family says they have received calls from the u.s. embassy with information garrett and his girlfriend have been spotted in a remote village in peru. they are on a boat on the river and they are sending a plane to find them. the family is expecting more information and possible confirmation tomorrow. >> i want to believe it. but until i hear her voice and until i know that somebody has physically seen them, i just am not going to get my hopes up until that happens. >> thank you. >> reporter: employees at this bike shop in el sobrante where jamie worked are hopeful this latest news the couple has been located is really true. >> well, i'm really happy. you know, we heard a lot of bad things that could have been and we are happy to hear they weren't. i'm thrilled to hear that they are a-okay. i'm elated. >> reporter: and we just received
. >> pelley: but they weren't counting on hope at u.s. immigration and customs enforcement today. with more on that release of illegal immigrants, we turn now to elaine quijano. elaine? >> reporter: scott, the jail behind me is one of the facilities where a number of detainees are believed to have been released. an immigration official describes the detainees as noncriminals. homeland security secretary janet napolitano suggested yesterday that drastic action might be necessary. >> all i can say is, you know, look, we're doing our very best to minimize the impacts of sequester, but there's only so much i can do. i'm supposed to have 34,000 detention beds for immigration. how do i pay for those? >> reporter: a statement, a spokesman for u.s. immigrations and customs enforcement said: one immigration advocate tells cbs news he knows of at least 12 states where detainees have been released. u.s. immigration and customs enforcement declined to comment on specifics. and, scott, illegal immigrants on supervised release can be required to wear electronic tracking devices or regularly call immigrat
from the u.s. department of education's ready to learn grant, and viewers like you, thank you. i'm sorry, there's something on your nose. it's a white...thing. he's my brother and he's no liar, so back off, francine. great...cut! (laughter) i know you like playing games, and i always try to do my best. so go to and play awesome electric company games and earn points r your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for? >> this is nbr. captioning sponsored by wpbt >> tom: i'm tom hudson. susie is off tonight. federal reserve boss ben bernanke shows signs that the central bank will continue buying government bonds to help support the economy. the housing recovery continues building ground, with new home sales and home prices hitting multi-year highs. and the banking business may have fewer employees, but wall street bonuses are up, rising nearly 10% on average. tonight, a closer look at banking jobs. that and more tonight on nbr! the federal reserve strategy of buying government bonds to help the economy will continue.
oclock. we are hearing from friends and family of an oakland couple missing while traveling outside the u.s.. word tonight. that they may be alright. this is a picture of the couple, jamie neal and garret hand. they were last heard from while traveling in peru. just recently, the u.s. embassy in lima. had announced that members of a criminal organization may be planning to kidnap american tourists in that country. kron four's terisa estacio reports. they are hoping for the best. >> to jamie and garrett >> reporter: they are celebrating here in el sobrante. this after receiving word that their former co-worker jamie neal seen here in this photo and this one. that she along with her boyfriend garrett hand has been found. >> we are elated. >> reporter: jeff jerge says the bike store first heard the news tuesday afternoon. >> we were told that police found them on a boat. on monday. hands' family shared with kron four news their quest to find garrett. it was more than a month ago when both seemed to vanish without a trace while traveling in peru. on tuesday garrett's mother issued a statement
of the syrian opposition. secretary of state john kerry is in france today. a decision on this shift in u.s. policy is expected tomorrow when kerry attends a conference on syria in rome. kerry has been consulting with european leaders. u.s. officials say the administration is considering sending tens of millions of dollars in nonlethal assistance to the rebels fighting the assad regime. >>> the latest blast of winter weather making its way toward the great lakes. the latest storm dumped essentially inches of snow across the plains. it's being blamed for at least three deaths and has knocked out power to more than 100,000 homes and businesses. teresa garcia reports. >> reporter: a major winter storm is dumping a layer of heavy wet snow on parts of the country still struggling from the last round. plows tried to keep up in kansas city. at one point conditions were so treacherous the plows got stuck. but stranded drivers got a helping hands from those with a little more pull. >> four-wheel drive and a heavy rope can get anyone out. >> reporter: heavy snow downed trees, d
for the u.s. are the consequences of cuts being overblown in washington? fox contributor juan williams joins me with his take. thanks for coming on the show. >> my pleasure. melissa: if you're watching this, this is the story of the day today, seems a game of gotcha with the different white house surrogates who come out and said planes will fall out of the sky, to the point jon stewart is piling on. he did a whole bit about how silly it is this idea they will not give kids shots and kids celebrating about that. even the ap did a whole roundup on how silly this was. do you think that it was a bad idea tax particularly and politically to be overdramatic perhaps about what it could mean? >> no. it is politics and, you know, you're playing on poll numbers, melissa. so a lot of poll numbers, for example, right now, there's a pew poll out says, 52% of americans think, you know, the sequestration is a bad idea. that they don't like that approach. now you also have to recall though, americans overwhelmingly think we need to do something about the debt in this country that is just out of control and
celebrating 27 years together next month just a week before the u.s. supreme court's historic hearing. >> reporter: the new york times reveal today that at least 75 high profile republicans including meg whitman are joining together. former utah governor john huntsman did an about face writing quote, the party of lincoln should stand with our best tradition of equality and support full civil marriage for all americans. >> the justices are human and are influenced by events in politicians so i don't think this is outside the realm of things that could have an impact. >> garrett and lewis say they will be on the steps of the supreme court for hearings they hope will lead to an end for their long struggle for marriage equality. in san francisco, rita williams, ktvu channel 2 news. >>> more details now on the growing support for same-sex marriage. on thursday a group of at least 60 american companies also plan to submit a brief to the u.s. supreme court arguing that bans on same-sex marriage are unconstitutional. and that list includes several silican valley companies such as apple, face
don't do much for poor people around the world but with a small amount of money by u.s. standards, do you think a lot of good in africa. all of those programs will be cut. so you know, what matthew 25 says is that when the man comes in judgment at the end of time and nations are judged, the question that we'll be asked as a nation is what did you do for hungry people? what did you do for people who didn't have enough to eat or didn't have something to wear? so i do think that the decision about the national budget. this is a tough decision. it is not a trivial decision. but figuring out how to cut back, how to reduce our deficit without hurting people who are having a hard time feeding their kids is important to our national character. on the positive side, i guess -- rather than sort of judgmental thing, i just think that you know, most people have had some sort of experience where they feel like they've been blessed by god. and if you had that experience, you want to help people who are struggling. there are a lot of people struggling in this economy. we ought to be able to solve th
apple computer. i want to begin with your take on the u.s. market as it roars back above 14,000. do you think it can break through and go higher this year, even with the federal spending cuts coming? >> sure. this year, yes, absolutely. and the reason is because we are at a second stage of a bull market where there is capitulation going on. people on the side lines are saying, i'm not worried about losing any more. i'm worried about missing out. i have to get back in. that's when you see money come back into the equity market. and that will push the market higher. maybe not tomorrow or friday, but certainly this year. >> you you will like some of the growth names in the american market. some in healthcare. some in other areas. tell me about them and why. >> well, look. more of the financials are in future growth. a lot of the stocks have done very well. so you have very low multiples for future growth. traditionally growth does better in later stages. >> i want to get your views on europe in a moment but while we are still here in the u.s., let's talk about apple, which is down today. s
are completely different. u.s. insurance companies hold about 5 trillion dollars in assets today. in the fed's proposed rule on capital standards, the rule is by bank regulators which makes sense for banks but they also apply to insurance companies. and insurance and banking are very different as i know you agree. strong capital standards, they are important. but they must be appropriate for a business model they apply to. will the fed perform a study specific to insurance before you finalize rules like you do for banks? >> we are discussing the feasibility of such a study. we recognize that there are important differences between banks and insurance companies. at the same time, of course, we have statutory constraints, the collins amendment, for example, that say a certain amount of capital is necessary, but we've also heard from congress about this insurance banking distinction, and we're looking at it very seriously. we have been consulting i should say with the state insurance regulators work the federal insurance office, with the industry, with a lot of other stake holders to make sure
of u.s. equities over the long term? >> that's a great question, maria, because the pain trade has been the last couple of years and right now still is, according to rick santelli is up. and when you look at the numbers in housing, that is such a key factor for underpinning people's confidence. this is one of the least participated bull market, a four-year bull market, so little participation by people. right now we have an exhausting of sellers, and i think when you are look at billionaires like michael dell and warren buffett out there buying companies at a premium to the current market price and selling junk bonds to fund them you get a good idea of where the values are. >> how do you want to invest them? >> i think that the things that have brought us to this dance will continue for a while. i think tech, as you just pointed out, a second ago is leading this market. financial continue to lead this market. i think the market will also be helped by retail participation sometime in the future, but we're not there, and i think when they come in, they would look at those two groups. >> j
and maritime and chairs and a safety subcommittee chairwoman. how much welcome the district along the u.s.-mexico border and knows first-hand importance of border security, but also first-hand the enhanced safety and security they are facing and experiencing through hard work in el paso and i welcome you. i take two also welcome tulsi gabbay who comes from a district with unique homeland security interest. i was a very unique and you had a special commitment to this committee because we need to understand both the successes and challenges of why that is facing a different order of intrusion ip indemnification. i'm also delighted to welcome our ranking member, mr. thompson, who's had an ongoing commitment to securing the border is worked over the years has generated a number of successes. i would welcome mr. cuellar who is ranking member on this committee and were on the gao request many of us were reviewing. i ask unanimous consent to be allowed to question the witnesses at today's hearing. >> without objection. we welcome him being back with us. >> thank you so much. i want to as well co
and two members of congress. the group is submitting a brief to the u.s. supreme court in support of a lawsuit seeking to strike down proposition 8 which is california's ban on same sex marriage. the group includes meg whitman who supported prop 8 when she ran for governor in california. also todd whitman and steven had ley, an adviser to former president george w. bush. >>> a heated debate about race relations during these final days of black history month. rob roth from ktvu is live on the campus where the author says he didn't mean to supset anyone. >> reporter: it is a piece that ran in the san jose state university newspaper, the daily spartan. the headline, plaque history month is re-- black history month is redundant. it is causing quite a stir. >> i didn't mean to offend anybody. it's just a stance on something. i knew people would take it the wrong way. >> with february designated as black history month, he wrote that in his opinion there is no longer a need for it. especially now that americans have elected an african american president. >> black history is kind of in th
this afternoon. quote, u.s. embassy and minister of interior claim that garrett hahn and jamie neil have been seen. the family says they have received calls in the u.s. embassy with information. garrett and his girlfriend have been spotted in a remote village in peru. their on the boat and ascending a plane to find them. the family expects more information and confirmation tomorrow. >> they said they should be arrived in ecuador tomorrow at the border and that's when someone will see that it's them. >> juliette goodrich, kpix5. >> the couple's friends and family say until they hear firsthand over the phone, they'll keep waiting with their fingers crossed. >>> a mysterious may day call off monterey bay is looking more and more like a hoax tonight. coast guard scoured 22 square miles of ocean for the sailboat that supposedly went down on sunday, but they found no sign of the vessel or family of four. with no missing persons reports filed, the search has been called off. >>> a come promoas doesn't look likely with a few dais left before federal budget cuts kick in. at stake are hundreds and t
government and the u.s. embassy saying the two had been located. >> i am excited coming from them. that's awesome. that's really awesome. they have been a really big help with everything. i still want to hear my sister's voice. >> reporter: their family was more reserved in concord. >> we have no comment. the only comment is our family is working our butts off. >> reporter: his mother issued a written statement saying until we have proof of life we cannot celebrate these rumors and sight ings. proof of life is my son's voice on the phone and him holding the missing picture. they are working to confirm the couple was spotted in the next day or so. the peruvian official hopes to reach them by hydro plane and bring a satellite phone so they can call family members in california. abc7 news. >>> well, hardly a cloud in the sky, but that could change. abc7 news meteorologist sandhya patel is here with the live doppler 7hd tonight. sandhya? >> yes, dan, and as you mentioned there is not a lot showing up on live doppler 7hd, but things could be changing in the not too distant future. let's show
eliminate hunger, and we have a lot of work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: i am sure none of us has to be reminded just how much twitter, facebook, and instagram an old email as transform our lives. in a new text called "citizenville," gavin newsom looks at how it can help break through gridlock and ensure that everyone in this country as a seat at the decision making. good to have you on. >> thanks. tavis: first of all, congratulations on your wife's recent spirit award. >> yes, she just one of the spirit award, and then they are nominated for their documentary called "the invisible war," which is about raved in the military. understanding some of the complexities. even if only 10 percent of this film is right, as i told my wife, we should stop and own up to it. leon panetta weighed in on this, and hopefully others will. it goes to the frustration. this is frankly one of the reasons why i wrote this book. i am so disinterested
, the fed, will continue to support the u.s. economy with so-called quantitative easing, basically printing money in order to kickstart the economy. italy itself had some good news. it sold 10-year bonds. the investment amount was met by investors. italy did have to pay higher interest rates but not quite as high as people had feared. >> you can see bounce back on the board there in frankfurt. it was pretty much the same thing across europe. over to new york where the dow jones is putting on an impressive 1.03%. the euro trading up. eads has good news for investors. profits up by 19% last year. >> defense giant bae did not take as much of a toll a stock. >> the forecast is also positive. >> for eads, 2012 could have been worse. despite production and delivery problems, technical glitches, and a merger that never got off the ground, the bottom line was solid. the ceo said its airbus unit set a new sales record. >> we have a strong revenue growth overall for the entire group of 15%. operating margins have been considerably higher. i would say we are well on our flight path towards our target
picture as we speak, a dedication ceremony is getting under way in the u.s. capitol. it's for a statue honoring the won who refused to give up her seat on a city bus in alabama circa 1955. the nation's first african-american president is due to speak in about 40 minutes and you're going to hear from him live right here on cnn and you can follow the ceremony start to finish on all the dignitaries filing into the capitaocapitol. by the werek it will be a houseful with congressional leaders who will join the president. this is a big deal too. while there are many statues in the capitol there are almost none that are a congressional effort so to speak. many private funds feature statues. this is something congress has done for one of the most important women in american history. >>> but we're going to start with multitudes staying good-bye to a pope. he gives up and resigns the leadership of the roman catholic church. this last hurrah of the benedict, it comes -- benedict xvi comes a day before he terns exclusion as, quote, pontiff emeritus and his cardinals will be scrambling to
. >> privately, the u.s. officials hold little hope that the two hof hour session with russia foreign minister will change behavior of the kremlin which has propped up the assad regime with cash, weapons and political support. >> discussion was to my mind constructive. in spirit of partnership without, of course, ignoring the questions which are irritating the relations. >> syria's civil war claimed 70,000 lives. they worry it will fall to the al-qaeda-linked battle unit that has begun to deliver basic services to the people. the leader will be in rome when kerry announces washington's support for new body armor and other nonlethal aid to rebels. >> every day, this day, we have more than 100 people killed. it can't last longer. >> secretary kerry expressed the limited optimism about nuclear negotiations held this week in kazakhstan between western powers in iran, kerry calling the talks useful. urging iran to consider trading action for action to diffuse that crisis. bret? >> bret: james rosen, traveling with secretary kerry in rome. thank you. >>> have you heard about the one -- i screwed up
in u.s. taxpayer money, who is accountable for this? this is my taxpayer dollars going to china. it seems crazy to me. >> yes. we appropriate money, you are expected to be spent according to law. and if there is anything congress can do about it, it is kind of like locking the barn door after theorse is dolan. to our oversig, with the case of fisker going back to june trying to get information fr the department of energy on this whole issue. we don't really get answers, to tell you the truth, and hav we e a constitutional responsibility to dig in and it seems to me the department of energy has constitutional responsibility to answer our questions but they don't do it. gerri: that has been an ongoing problem, i think. is there any other risk or danger of a company like fisker or a123 being sold to the chinese? >> at least in the case of a123 it was a possibility. and maybe it has been taken care of, but the possibility there was national security issues involved. we are told that is taking care of by that part of the company not being sold to china. buyou get back to this busines
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